Bybit P2P with Shekels: Buying and Selling USDT for ILS

In short

Bybit has announced that its P2P marketplace now supports the Israeli shekel (ILS). In practice, you buy USDT directly from another user, pay them in shekels by bank transfer (or whatever method their ad accepts), and Bybit holds the seller's coins in escrow until the seller confirms they've been paid.

This guide walks through both directions: buying USDT with shekels, and selling USDT for shekels.

Acceptance of Israeli residents not verified. Check on Bybit's official site that the service is available to you before signing up.

No account yet? See our Bybit sign-up guide. If you'd like to use a referral code, ours is BROKERLENS (details in the referral code guide).

What you need before you start

• A verified Bybit account (KYC). You can't trade P2P without identity verification. According to Bybit's help center, identity verification (KYC) is required to trade P2P.
• A bank account or payment method in your own name. The name on the paying account has to match your verified Bybit name. It's one of the first things checked in any dispute.
• A payment method saved in your P2P settings, especially if you plan to sell.

Buying USDT with shekels, step by step

1. Open P2P and pick ILS

In the app or on the website, go to P2P Trading, choose Buy, set the coin to USDT and the fiat currency to ILS. You'll see a list of ads from different sellers, each with its own price, order limits and payment methods.

2. Choose an advertiser

Price matters, but so do these:

• Completion rate. A high rate means the seller usually finishes trades rather than cancelling.
• Number of orders. Experienced sellers know the process and tend to respond faster.
• Payment methods. For ILS, bank transfer is the most common option in ads. Some ads list other methods too. Bybit's ILS announcement lists bank transfer, Bank Hapoalim, Revolut, Wise, PayPal and Skrill. Bit and PayBox are not on the list, so check the ad itself.
• Order limits. Each ad has a minimum and maximum. If your amount falls outside, the order won't open.
• Advertiser terms. Some sellers add their own conditions in the ad description, such as working hours. Read them first.

3. Place the order

Enter the amount in ILS or USDT, choose the payment method and confirm. The seller's USDT is now locked in Bybit's escrow and a payment timer starts. If you don't pay in time, the order is cancelled.

4. Pay the seller

The seller's payment details appear inside the order. Send the exact amount, from an account in your name, to those details only. Don't pay to any other account, even if asked in chat.

5. Mark the order as paid

Once the transfer has actually gone out, tap the button confirming payment. Never tap it before paying. Keep a screenshot or the bank's transfer confirmation.

6. The seller releases the USDT

The seller checks the money has arrived and releases the USDT from escrow. It lands in your Bybit Funding account, from where you can move it to trading or withdraw it to an external wallet (see Bybit withdrawals).

7. If the seller doesn't release

It happens. Bank transfers can take time, or the seller may simply be away. What to do:

1. Message the seller in the order chat and attach your payment proof.
2. Give it a reasonable amount of time, especially for a standard (non-instant) bank transfer.
3. If there's no response, open an Appeal from within the order. Bybit's P2P team reviews evidence from both sides. According to the help center, for a real-time payment not released within about 10 minutes, a specialist can contact the seller and may release the coins manually after checking video proof of payment.
4. Don't cancel an order you've already paid for. Cancelling returns the USDT to the seller and makes recovering your money harder.

Keep all communication inside Bybit's order chat. The help center says you can also appeal completed or cancelled orders, but only within a limited window (about 5 calendar days).

Selling USDT for shekels

Same flow in reverse. Your job here is not to release until the money is really in your account.

1. Move USDT to your Funding account (P2P sells from there).
2. In P2P, choose Sell, USDT and ILS.
3. Pick a buyer using the same criteria: completion rate, order count, a payment method that works for you.
4. Open the order. Your USDT is locked in escrow.
5. The buyer sends shekels and marks the order as paid.
6. Log in to your bank and check the money has actually arrived, in full, from an account whose name matches the buyer's Bybit name. A screenshot from the buyer is not proof.
7. Only then release the USDT.

If money arrives from an account in someone else's name, don't release. Open an appeal and let Bybit's team handle it.

Want to get the shekels to your bank afterwards? See our separate guide on withdrawing crypto to an Israeli bank account.

What it costs

• Platform fee: According to Bybit's help center, ILS pairs carry no P2P platform fee for takers or advertisers.
• Bank fees: Your bank may charge for the transfer, depending on your account plan.
• The price itself: This is where the real cost sits. Each advertiser sets their own rate, so the ILS price of USDT on P2P can sit a little above the market USD/ILS rate when you buy and a little below when you sell. There's no fixed rate, so compare against the current dollar-shekel rate and check a few ads.

Safety tips

• Never pay or chat outside the platform. Anyone suggesting you "finish this on WhatsApp" or pay before an order is open is taking you out of escrow protection.
• Names must match. Pay only from your own account; accept money only from the buyer's own account.
• Don't release based on a screenshot. Only on what you see in your bank account.
• Don't mark as paid before paying. It can get your account restricted.
• Start small. With a new advertiser, test the process with a small amount first.
• Keep records. Transfer confirmations, order numbers and chat screenshots help in an appeal and later with your bank and the tax authority.

Alternatives to P2P

• Card purchase on Bybit. Bybit offers card purchases (One-Click Buy). Available currencies and payment methods are shown on the One-Click Buy page; per Bybit, a non-EU Visa costs 3.05% and a non-EU Mastercard 2.7%.
• An Israeli exchange, then transfer. You can buy crypto on an Israeli exchange that works in shekels and send it to your Bybit wallet. You'll pay that exchange's fee plus a network fee for the transfer.

For a side-by-side view, see Crypto exchanges for Israelis 2026 and Bybit for Israelis.

Related pages

• Bybit provider page
• Bybit for Israelis
• Bybit sign-up guide
• Bybit referral code
• Bybit withdrawals
• Israel guides hub

Crypto trading involves risk, and the value of your coins can fall. This guide is general information, not investment advice.

Do I need KYC to buy on P2P?

Yes. Bybit requires identity verification (KYC) for P2P.

Is there a fee for buying on P2P with shekels?

According to Bybit, ILS pairs carry no P2P platform fee. You may still pay a bank fee, plus the gap between the ad price and the market rate.

Can I pay with Bit or PayBox?

It depends on the advertiser. Each ad shows the payment methods it accepts, so check before opening an order.

I paid and the seller won't release. What now?

Message them in the order chat with your payment proof. If there's no reply, open an appeal from the order. Don't cancel an order you've paid for.

How long does a trade take?

Mostly down to the payment method and how quickly the seller responds. Instant bank transfers finish faster than standard ones.